Emini and Forex Trading Update:Monday June 1, 2020 I will update again at the end of the day. Pre-Open market analysis Friday is a High 1 bull flag buy signal bar for today. It closed above 3044.25 and therefore the Emini is no longer in correction territory (10% down from the high). Today might trigger […]
Emini is in Sell Zone between 3,000 and 3,150
Market Overview: Weekend Market Update The Emini should test 3,100. But it is in the Sell Zone. In the next couple months, it will more likely retrace about half of the 2 month rally than break to a new all-time high. The bond futures monthly chart has consecutive inside bars after a reversal down from […]
Emini forming strong May entry bar on monthly chart after High 1 bull flag in April
Emini and Forex Trading Update:Friday May 29, 2020 I will update again at the end of the day. Pre-Open market analysis By the Emini yesterday rallying above 3044.25, it was no longer in correction territory. That is 10% down from the high and a correction is defined as a selloff of 10%. It collapsed back […]
Emini outside up above 200 day moving average at end of May
Emini and Forex Trading Update:Thursday May 28, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday traded below Tuesday’s low and then above its high. It was therefore an outside up day. That increases the chance of higher prices today or tomorrow. The Emini is in the Sell Zone […]
Emini breakout above 3000 and testing 200 day moving average
Emini and Forex Trading Update:Wednesday May 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the 200 day moving average and the 3,000 Big Round Number yesterday. It sold off and closed back at the 200 day moving average. Since it closed near its low, […]
Emini should breakout slightly above 200 day moving average
Emini and Forex Trading Update:Tuesday May 26, 2020 I will update again at the end of the day. Pre-Open market analysis Last week triggered a High 1 bull flag buy signal on the monthly chart when the Emini broke above the April high. The Emini spent the entire week in a tight range oscillating around […]
Emini oscillating around April high, just below 3,000 – 3,100 sell zone
Market Overview: Weekend Market Update The Emini should continue a little higher, but 3,000 – 3,100 is the Sell Zone for at least a 10% pullback. The monthly bond futures chart has an ii Breakout Mode pattern after an extreme buy climax. It will likely be mostly sideways in a tight range for several more […]
Emini trading around April high after triggering monthly buy signal
Emini and Forex Trading Update:Friday May 22, 2020 I will update again at the end of the day. Pre-Open market analysis Every day this week has traded around the April high. It might stay around the April high through the end of the month. The bulls want May to close far above the April high. […]
Emini weak Low 2 top above April high
Emini and Forex Trading Update:Thursday May 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. Since Tuesday was a bear bar, it was a weak buy setup. However, traders still expect the rally to reach […]
Emini pausing after triggering monthly and daily buy signals
Emini and Forex Trading Update:Wednesday May 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was bear day on the daily chart after Monday’s strong rally. It is therefore a sell signal bar for a failed breakout above the month-long trading range. However, Monday’s rally was strong and […]
